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Nonprofiteer
← WARBY PARKER FOUNDATION

Form 990 for tax year 2023

Filed by WARBY PARKER FOUNDATION.

Totals

Total revenue
$2,980,257
Total expenses
$1,298,743
Contributions and grants received
$2,686,274
Grants paid
$1,191,001
Program service revenue
$0
Investment income
$293,983
Other revenue
$0
Total assets, end of year
$14,926,547
Total liabilities, end of year
$8,422
Net assets or fund balances, end of year
$14,918,125
Program services expenses (Part IX)
$1,191,001
Management and general expenses
$107,742
Fundraising expenses
$0
Program service expenses (Part III)
$1,191,001

Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,686,274

  • 1g · Noncash contributions included above

    $2,660,723

  • 3 · Investment income

    total $293,983 · excluded $293,983

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,191,001 · program services $1,191,001

  • 11b · Fees: legal

    total $315 · management and general $315

  • 11c · Fees: accounting

    total $51,564 · management and general $51,564

  • 11f · Fees: investment management

    total $52,090 · management and general $52,090

  • 13 · Office expenses

    total $2,498 · management and general $2,498

  • 24a · Other expenses: TAXES

    total $1,275 · management and general $1,275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $473,517 · end of year $150,319

  • 3 · Pledges and grants receivable

    beginning of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $11,686,060 · end of year $14,776,228

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,319 · end of year $8,422

  • 18 · Grants payable

    beginning of year $301,200

  • 27 · Net assets without donor restrictions

    beginning of year $11,858,058 · end of year $12,257,402

  • 28 · Net assets with donor restrictions

    end of year $2,660,723

Mission and programs · 2023

Mission

TO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH BY (I) CONDUCTING VISION SCREENINGS, EYE EXAMS, AND OTHER EYE CARE SERVICES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (II) HELPING PEOPLE IDENTIFY AND ACCESS LOCAL EYE CARE PROVIDERS FOR ADDITIONAL CARE AND SUPPORT AND TRANSPORTING PATIENTS TO AND FROM EYE CARE APPOINTMENTS, (III) PROVIDING, MAINTAINING, AND REPAIRING EYEGLASSES FOR UNDERPRIVILEGED CHILDREN AND ADULTS, (IV) CONDUCTING CLASSES, WORKSHOPS, AWARENESS CAMPAIGNS, AND OTHER EDUCATIONAL PROGRAMS TO EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH, (V) CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS RELATED TO EYE CARE AND EYE HEALTH, (VI)LOBBYING FOR ISSUES RELATED TO EYE CARE AND EYE HEALTH, (VII) CONDUCTING OR COMMISSIONING RESEARCH RELATED TO EYE CARE AND EYE HEALTH, (VIII) MAKING GRANTS TO UNDERPRIVILEGED CHILDREN AND ADULTS TO PAY FOR EYE CARE SERVICES AND PRODUCTS, AND (IX) MAKING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.

Activities or mission (Part I)

TO PROMOTE EYE HEALTH AND EDUCATE THE PUBLIC ABOUT EYE CARE AND EYE HEALTH.

  • THE WARBY PARKER IMPACT FOUNDATION SUPPORTED EYE HEALTH EDUCATION AND GLASSES DISTRIBUTION BY PROVIDING GRANTS TO MISSION-RELATED ORGANIZATIONS.

    Expenses $1,191,001 · Grants $1,191,001

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Neil Blumenthal

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Gilboa

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Joel Cutler

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Megan Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Hannah Kowalski

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • VISION SPRING INC

    $1,191,001

    TO SUPPORT SERVICE DELIVERY COSTS FOR VISIONSPRING'S SPECIAL PROJECTS TO DELIVER EYEGLASSES

Provenance

Return type
form_990
Tax year
2023
Filed
28 May 2024
IRS schema version
2023v5.0
Source object
202431499349301258

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